JAKARTA: State-owned lender PT Bank Negara Indonesia (BNI) will make available Rp 11.5 trillion (US$72 million) in its 2016 micro credit (KUK) program, a BNI banker has said.
Credit allocations will be Rp 10 trillion for the retail sector, Rp1 trillion for workers and the remaining Rp 500 billion for micro loans, BNI business banking II director Sutanto said.
“We believe we can achieve the target,” said Sutanto in Jakarta on Monday, adding that the bank would need to open at least 100 new outlets nationwide to meet the target.
The 2016 lending target is three times higher than the Rp 3.04 trillion in disbursed loans, most of them for the retail sector, he said.
The government aims to channel up to Rp 120 trillion KUK this year compared to the Rp 30 trillion in targeted loans in 2015.
